What is Zacks Research’s Forecast for Carvana Q2 Earnings?

Carvana Co. (NYSE:CVNA) – Analysts at Zacks Research dropped their Q2 2027 earnings per share estimates for Carvana in a research note issued to investors on Thursday, July 16th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.54 per share for the quarter, down from their previous estimate of $0.57. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Carvana’s current full-year earnings is $1.58 per share. Zacks Research also issued estimates for Carvana’s Q3 2027 earnings at $0.61 EPS.

CVNA has been the topic of a number of other research reports. UBS Group reissued a “buy” rating and issued a $104.00 price target (up from $97.00) on shares of Carvana in a report on Thursday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price objective on shares of Carvana in a research note on Friday, June 5th. Robert W. Baird set a $88.00 target price on shares of Carvana in a report on Friday, May 15th. BTIG Research reiterated a “buy” rating and set a $97.00 target price on shares of Carvana in a report on Friday, June 5th. Finally, Wells Fargo & Company boosted their price target on Carvana from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.92.

Carvana Trading Down 4.5%

NYSE:CVNA opened at $67.50 on Friday. The company has a fifty day moving average of $67.86 and a 200 day moving average of $72.29. Carvana has a 52 week low of $54.46 and a 52 week high of $97.38. The company has a quick ratio of 2.57, a current ratio of 4.09 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $74.04 billion, a P/E ratio of 41.06, a P/E/G ratio of 11.90 and a beta of 3.46.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, April 29th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $1.37. Carvana had a net margin of 6.40% and a return on equity of 41.46%. The firm had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.12 billion.

Insider Activity

In other Carvana news, COO Benjamin E. Huston sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $68.55, for a total value of $3,427,500.00. Following the completion of the sale, the chief operating officer directly owned 458,755 shares in the company, valued at $31,447,655.25. This trade represents a 9.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Stephen R. Palmer sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $68.53, for a total value of $342,650.00. Following the transaction, the vice president owned 144,934 shares in the company, valued at $9,932,327.02. This trade represents a 3.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 396,962 shares of company stock worth $28,525,088. 15.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Carvana

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its position in Carvana by 40.8% during the first quarter. Royal Bank of Canada now owns 29,867 shares of the company’s stock valued at $6,243,000 after buying an additional 8,654 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Carvana by 251.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 253 shares of the company’s stock worth $53,000 after buying an additional 181 shares during the period. Cerity Partners LLC increased its stake in shares of Carvana by 28.8% in the 2nd quarter. Cerity Partners LLC now owns 5,481 shares of the company’s stock worth $1,847,000 after acquiring an additional 1,226 shares in the last quarter. AXA S.A. increased its stake in shares of Carvana by 340.7% in the 2nd quarter. AXA S.A. now owns 4,253 shares of the company’s stock worth $1,433,000 after acquiring an additional 3,288 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in Carvana by 9.1% during the 2nd quarter. NewEdge Advisors LLC now owns 9,893 shares of the company’s stock valued at $3,334,000 after acquiring an additional 825 shares during the period. 56.71% of the stock is currently owned by institutional investors.

About Carvana

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.